ONL (Orion Properties Inc.) Stock Financials & Earnings | Market Cap Arena

ONL (Orion Properties Inc.) Stock Financials & Earnings | Market Cap Arena

ONLOrion Properties Inc.

Mkt Cap$141M

Real Estate·REIT - Office·🇺🇸 United States·NYSE

Revenue (TTM)$148M

Net Income (TTM)-$139M

EPS (TTM)-$2.49

Free Cash Flow (TTM)-$18M

Gross Margin56.1%

Op. Margin-65.4%

Net Margin-94.4%

FCF Margin-11.9%

P/S Ratio (TTM)1.0x

P/E Ratio (TTM)—

YoY Rev Growth-10.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$50M	$35M	$2M
Q2 23	$52M	$37M	$4M
Q3 23	$49M	$34M	$2M
Q4 23	$44M	$29M	-$2M
Q1 24	$47M	$31M	$2M
Q2 24	$40M	$24M	-$19M
Q3 24	$39M	$23M	-$2M
Q4 24	$38M	$22M	-$2M
Q1 25	$38M	$22M	$569K
Q2 25	$37M	$21M	$2M
Q3 25	$37M	$20M	-$63M
Q4 25	$35M	$20M	-$35M

Valuation

Quarter	P/S	P/E
Q1 23	0.7x	—
Q2 23	0.7x	—
Q3 23	0.7x	—
Q4 23	0.7x	—
Q1 24	0.7x	—
Q2 24	0.8x	—
Q3 24	0.8x	—
Q4 24	0.9x	—
Q1 25	0.9x	—
Q2 25	0.9x	—
Q3 25	0.9x	—
Q4 25	1.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$11M	$8M
Q2 23	$32M	$29M
Q3 23	$26M	$20M
Q4 23	$20M	$14M
Q1 24	$11M	$7M
Q2 24	$17M	$13M
Q3 24	$14M	$9M
Q4 24	$12M	$3M
Q1 25	-$2M	-$8M
Q2 25	$12M	$2M
Q3 25	$6M	-$11M
Q4 25	$0	$0

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$3M
Q2 23	$4M
Q3 23	$6M
Q4 23	$6M
Q1 24	$4M
Q2 24	$4M
Q3 24	$4M
Q4 24	$10M
Q1 25	$6M
Q2 25	$10M
Q3 25	$17M
Q4 25	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-5.7%	-10.1%
Q2 23	-1.6%	-8.3%
Q3 23	-5.2%	-11.0%
Q4 23	-13.0%	-9.3%
Q1 24	-6.0%	-4.7%
Q2 24	-22.9%	+22.9%
Q3 24	-20.2%	-12.5%
Q4 24	-12.3%	-11.5%
Q1 25	-19.5%	-17.8%
Q2 25	-7.0%	-39.5%
Q3 25	-5.2%	+144.8%
Q4 25	-8.2%	+73.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$526K	1.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$826K	1.9%
Q1 24	$790K	1.7%
Q2 24	$935K	2.3%
Q3 24	$725K	1.9%
Q4 24	$1M	3.4%
Q1 25	$704K	1.9%
Q2 25	$822K	2.2%
Q3 25	$852K	2.3%
Q4 25	$1M	3.5%

OpEx Breakdown

Quarter	G&A
Q1 23	$4M
Q2 23	$5M
Q3 23	$4M
Q4 23	$5M
Q1 24	$5M
Q2 24	$5M
Q3 24	$4M
Q4 24	$6M
Q1 25	$5M
Q2 25	$5M
Q3 25	$5M
Q4 25	$6M

Revenue Segments

Quarter	Fees From Unconsolidated Joint Venture	Rental Revenue
Q1 23	$200K	$50M
Q2 23	$200K	$52M
Q3 23	$200K	$49M
Q1 24	$202K	$47M
Q2 24	$201K	$40M
Q3 24	$202K	$39M
Q1 25	$204K	$38M
Q2 25	$203K	$37M
Q3 25	$204K	$37M
Q4 25	$209K	$35M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$24M	$0	$24M
Q2 23	$42M	$0	$42M
Q3 23	$32M	$0	$32M
Q4 23	$22M	$0	$22M
Q1 24	$24M	$0	$24M
Q2 24	$24M	$0	$24M
Q3 24	$17M	$0	$17M
Q4 24	$16M	$0	$16M
Q1 25	$9M	$0	$9M
Q2 25	$17M	$0	$17M
Q3 25	$33M	$0	$33M
Q4 25	$22M	$0	$22M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	57M	-0.0%
Q2 23	57M	+0.1%
Q3 23	57M	-0.2%
Q4 23	56M	-1.3%
Q1 24	56M	+0.0%
Q2 24	56M	+0.2%
Q3 24	56M	+0.1%
Q4 24	56M	+0.0%
Q1 25	56M	+0.2%
Q2 25	56M	+0.4%
Q3 25	56M	+0.1%
Q4 25	56M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 18	—	—
FY 19	—	—
FY 20	—	—
FY 21	$3M	26
FY 22	$6M	35
FY 23	$5M	38
FY 24	$2M	100
FY 25	$1M	100